{"id":2859,"date":"2024-11-11T14:06:25","date_gmt":"2024-11-11T11:06:25","guid":{"rendered":"https:\/\/relinvestmentsgroup.com\/?p=2859"},"modified":"2024-11-11T14:06:25","modified_gmt":"2024-11-11T11:06:25","slug":"pribylnost-citigroup-vyrastet-k-2025-godu-moody-s","status":"publish","type":"post","link":"https:\/\/relinvestmentsgroup.com\/en\/pribylnost-citigroup-vyrastet-k-2025-godu-moody-s\/","title":{"rendered":"Citigroup\u2019s profitability set to grow by 2025: Moody\u2019s"},"content":{"rendered":"<p><\/p>\n<p class=\"p1\">Thanks to continued robust liquidity and strong capital levels.<\/p>\n<p class=\"p1\">Citigroup and Citibank are expected to have a stable outlook, reflecting confidence in Citigroup\u2019s transformation toward a simpler and safer business model, a core focus for the board, management, and regulators, according to Moody\u2019s Ratings.<\/p>\n<p class=\"p1\">The stable outlook also reflects expectations of continued strategic transformation with robust liquidity and strong capital levels.<\/p>\n<p class=\"p1\">Citigroup\u2019s medium-term profitability targets include a return on tangible common equity (ROTCE) of 11% to 12%, up from the current 7.5%.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">Profitability improvements in 2025 are anticipated through revenue growth and a reduction in stranded costs as the bank simplifies its operations. Achieving these cost savings remains crucial for Citigroup\u2019s ability to invest competitively.<\/p>\n<p class=\"p1\">Citigroup is focusing on enhancing operational efficiency, including decommissioning legacy systems, automating processes, and achieving a targeted 60% efficiency ratio in the medium term.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">The services segment, providing treasury, trade, and securities services across nearly 100 countries, remains a strength with client revenue growth and a ROTCE in the mid-20% range for the first nine months of 2024.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">Treasury and Trade Solutions deposits have also outpaced other deposit growth over the last five years.<\/p>\n<p class=\"p1\">At the end of September, Citigroup reported a common equity tier one (CET1) ratio of 13.7%, 160 basis points above its 12.1% regulatory minimum.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">Moody\u2019s noted that this capital surplus is a vital factor in Citigroup\u2019s maintained creditworthiness. The ratings for Citigroup\u2019s debt and liabilities were also upheld and supported by stable subordination and capital structure elements.<\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Thanks to continued robust liquidity and strong capital levels. Citigroup and Citibank are expected to have a stable outlook, reflecting confidence in Citigroup\u2019s transformation toward a simpler and safer business model, a core focus for the board, management, and regulators, according to Moody\u2019s Ratings. The stable outlook also reflects expectations of continued strategic transformation with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/CITI-3-1140x445.webp",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/CITI-3-463x348.webp",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/CITI-3-300x200.webp",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/CITI-3.webp",2000,1333,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2859"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2859\/revisions"}],"predecessor-version":[{"id":2861,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2859\/revisions\/2861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2860"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}